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Non-Tech : Gymboree "GYMB" -- Ignore unavailable to you. Want to Upgrade?

To: pride who wrote (108)	7/24/1998 8:33:00 PM
From: Toby L. Toth	Read Replies (1) \| Respond to of 189

To Pride: Go to forbes.com, at the bottom of the page click "search", then type the symbol GYMB. Read the July 27 article about Gymboree. You will find statements such as 1) "profits are eroding" 2) "Gymboree store speaks volumes about the fading appeal" 3) "operating margins for GapKids and BabyGap are estimated to be 15% this year, compared to with 13% at Gap... But at Gymboree the corresponding number is projected to be 9.5%. 4) "steep markdowns cutting first-quarter earnings in half to 4.1 million from a year ago. That is the bad news. The good news is an investment service known as the "Vulture Letter" by Kevin Pilot names Gymboree as one of the best high-growth opportunities of today. He says "Every Soccer mom in the Western Hemisphere loves Gymboree. They make your kids' Crayola colored clothes and toys, and also own 390 child development centers- the place nowadays for wee ones' birthday parties. He also says they plan to open an additional 70 stores, no long term debt, more cash and credit than they need, and conservative management. The price was recently battered by some low-profit catalog operations-which have been dropped. The "Vulture Letter" describes Kevin Pilot as a value investor. Goin Up in "98"